The latest ABS slaughter data reports national lamb slaughter at 1.5 million head in July, well below year-ago levels and stable with June volumes – the lowest monthly slaughter since January 2012.
The decline was underpinned by the limited availability of old season lambs. As much of the country continues to endure dry conditions, the tighter supply of new season lambs entering the market throughout spring will be a key driver to how national indicators track.
The national saleyard trade lamb indicator rose to 934¢/kg carcase weight (cwt) in mid-July, as saleyards saw strong demand from processors to maintain supply. It has since dropped more than 100¢ and on Tuesday was recorded at 796¢/kg cwt, falling 17¢ below year-ago levels.
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